FKLI Updates
Daily Futures Commentaries: [FKLI Malaysia Index] 21/12/2018 - US hit new 2018 low, FKLI likely gap down and resume bearish trend
InvestorsDoctor
Publish date: Fri, 21 Dec 2018, 08:42 AM
InvestorsDoctor
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Here we update timely info about FKLI
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21/12/2018
*FKLI Dec 18*
Previous Close: 1649.5 -5
FKLI dropped back and retest 1650 level as tracking weakness in foreign market and foreign fund selling. US stock market tumbled more than 400pts, hit new low in 2018, more to bearish, likely to limit upside of FKLI.
Hourly chart move in range but sharp fall in US market likely to drag down FKLI to test previous low of 1630 level.
*Classic Support & Resistance*
Resistance: 1664.5 1676
Support: 1631.5 1617
*Recommend Trading Plan for the day:*
1. Sell 1647, stop 1652, profit 1642/1637/1632
2. Look for sell signal below yesterday low 1638.5
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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More articles on FKLI Updates
Daily Futures Commentaries: [FKLI Malaysia Index] 30/12/2019 - 1595 or 1620 wait for breakout
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